Don't you pay taxes on the $15/hr as well? Or are you getting it cash in hand? Why are you comparing gross wages to net wages? |
op so you rather lose your job instead of making extra money? That makes a lot of sense and I'm nominating you for dumbest nanny of the year. I could see if you didn't or couldn't work the additional hours but not wanting to because you won't be making that much more (you would still be making more) your dumb. I didn't do the math but even if it's only $1.80 more which I doubt Is right, you would risk losing the job completely and make a whopping $0 a week. |
You're/your.
Best to know basic grammar before calling someone dumb. |
OP, I am not sure what your thought process is, but I see your situation differently. Decide whether you want to work 10 extra hours a week, or whether you want to decline and risk losing your job. To help yourself make that decision, look at the financial benefits of a 50 hour week vs. a 40 hour week. 1) You currently make $600/gross (so about $450/net?) a week for 40 hours. Does that pay your bills, give you some "fun money" and allow you to put money into savings and invest in an IRA? If the answer to that question is no, it would be wise to grab the chance to take home an additional $168/week. 2) Look at that 10 hours of OT as a 37% net pay raise. You would literally be bringing home 37% more money per week! Forget the hourly math you are doing. You are earning $120/gross ( ~$90/net) a day. With the OT, you would be earning $165/gross (~$123.60/net) per day. 2 additional hours a day to raise your pay by almost 40%/week? Hell yes! 3) You currently earn $31,200/gross per year. Adding 10 hours a week of work (25% additional work) would allow you to earn $42,900/gross a year. 520 more work hours for $11,700 more pay? Again, HELL yes! using the net increase in earnings of $168/week, you bring home ~$450/net now, but with OT you would bring home $618/net. Unless you have a huge number of personal obligations that cannot be moved to different times, or you have physical limits on how many hours you can work, turning this down would be kind of crazy, IMO. What could you do with an extra $8,736 take home pay per year? |
Op is really, really dumb. |
Thanks I know the difference the phone autocorrected you're to your since I was typing fast and didn't it the r and e separately |
This. You are currently taking home less than $15/hr after taxes, so the difference in the net rate is much more than $1.80. |
They haven't right to do so. And font count on unemployment. She isn't willing to meet the requirements of the job. Jobs change in the real world. Mandatory overtime isn't unusual in many jobs. |
+1 |
Haven't should have been "have every"
Font = don't. Hate autocorrect sometimes... Lol |
Some people choose a certain life style over money. I've been working 50-55 per week for 5 years, I rather take a pay cut than work these hours. Their is no point in making extra money if you can't use it for fun things. I only recommend taking on extra hours of you are in debt, otherwise enjoy your free time. We all live once and working yourself to death in an industry where you can't get promoted and grow with the company is not worth the time investment. There are very few nanny positions that can offer what corporate jobs can and you accept these nanny positions over a more long term stable position because of convience, better starting pay, and flexibility. If the job stops offering those then you should look for another. Don't waste time in this industry if you lose what persuade you to be apart of it. From a financial aspect you rate you're better off getting an admin job where you get better benefits and have room to grow. Pay may be similar or less but 5 years from now you will be making more then most nannies. Long term gains is more important. However, many stay in this industry for so long because they truly love this type of work or they have no means of acquiring a job at the same pay rate in a different field. Decide where you see your future then decide if it's worth accepting more hours for a less then ideal quality of life. |